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4 ref is a bit optimistic. I even found one trade at 3 ref, but it seems like an outlier. Most people are trying to sell this for a key, and a few of them sell. 4 ref may have been the price a few days ago, but it's now very easy to get these for a key, and many of them are unsold at that price.
4 ref
http://www.tf2outpost.com/trade/8287610 - Unsold for 4 ref
http://www.tf2outpost.com/trade/8425244 - Unsold for 4 ref
1 key
http://www.tf2outpost.com/trade/8380304 - Selling for 1 key
http://www.tf2outpost.com/trade/8416230 - Selling for 1 key
http://www.tf2outpost.com/trade/8364451 - Selling for 1 key
http://www.tf2outpost.com/trade/8391244 - Selling for 1 key
http://www.tf2outpost.com/trade/8206990 - Offer of 1 key
Dis gon b gud
http://www.tf2outpost.com/trade/8443646 - Selling for 3 ref
The last trade seems to indicate that big changes are coming.
Heads up, the last link, the fro is gifted. :)
Dug deeper; found another one around the same price but clean :3
Goodie. :3
You know...I think I'd pay more for a gifted normal item because you know that somebody actually probably gave it to somebody as a real gift and the person stabbed them in the back and sold it. I think it's worth more due to tearing of trust.
I think I have problems.
We all have problems :P
Mhm I'll come back to you if I want to sell some gifted items.^^